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Share Name Share Symbol Market Type Share ISIN Share Description
Worthington Grp LSE:WRN London Ordinary Share GB00B01YQ796 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 87.00p 0 05:00:01
Bid Price Offer Price High Price Low Price Open Price
0.00p 0.00p - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Personal Goods 0.26 -5.29 -42.00 11.2

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Date Time Title Posts
14/12/201813:10Worthington Group - Charts and News39,767
14/12/201809:17Worthington news and serious discussion1,171
10/1/201809:38Whats App16
10/10/201714:28looking for 7willt181
08/10/201710:30Music Streaming11

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Worthington Group Daily Update: Worthington Grp is listed in the Personal Goods sector of the London Stock Exchange with ticker WRN. The last closing price for Worthington Group was 87p.
Worthington Grp has a 4 week average price of 0p and a 12 week average price of 0p.
The 1 year high share price is 0p while the 1 year low share price is currently 0p.
There are currently 12,869,645 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Worthington Grp is £11,196,591.15.
roydyor: The moron is the person that thinks the prediction I made of what would happen if this listed on a major exchange is the same as being on Britdaq with Allan owning such a big percentage of the shares that he can make the share price whatever he wants at the moment. If WRN shareholders don't take advantage of Allan's present generosity, then more fool them.
knigel: Peter - last point as it's the weekend - I presume when WE started selling the share price was around 5p - he helped to create a market for buyers and the share price gradually increased over the following few days/weeks up to 30p + although he might have stopped selling before the share price hit this level. He knew what he was doing imho. To be fair - there were demand for the shares and someone had to sell - but look at the NUMBER of trades 100+ - I am not really sure how anyone can defend this except to say perhaps we would do the same..
lord blackwood: A series of Q&A’s with Doug Ware the Chief Executive of Worthington Group plc – 21st October 2014 Q. So Doug, seven weeks on from Worthington’s shares being relisted on 29th of August 2014, how’s life at Worthington? A. Exhausting! It feels more like seven months than seven weeks! We have covered a lot of ground and we are well set up for the next stage of the Company’s growth and rapid development. There’s a real buzz about the place and the levels of optimism are extremely high. Q. What’s causing the excitement? A. We’re a bit spoilt for choice at the moment with our investment opportunities. We are looking at closing some very exciting prospects which we believe will add substantially to shareholder value. Shareholders may recall that we are only interested in investment opportunities that hold out the realistic prospect of a multiple return on capital. The levels of trading liquidity that we have now achieved in our shares, has brought into view transactions that previously would have been much too large for us to consider. Q. That reminds me, you mentioned that the planned dual listing in Frankfurt will help liquidity… A. That’s correct. We expect our shares to be traded actively in Frankfurt as soon as the suspension of trading in London is lifted. We are coordinating this with our German partners and European investors. Q. Will all these deals you are reviewing involve the issuing of more shares? A. Inevitably, as we expand, we will issue more shares; the secret is to make sure that each transaction adds substantially to the value of existing shares. That’s why I’ve said that we won’t issue shares at a discount to the market price. Q. Does that mean that the transactions under review will be done at a premium? A. Good question, but one that will be answered in our next announcement. Q. You mentioned that we would be hearing more about litigation and media, has the suspension put these deals on hold? A. To a degree yes, we would like to complete the deals to coincide with the resumption of trading in the Company’s shares. Q. Presumably the vendors won’t wait indefinitely? How long is the suspension likely to last? A. This depends on the speed with which we conclude the investment I’m most excited about. Hopefully not very long at all, providing that the way we are structuring this deal (and indeed others) does not trigger a reverse takeover. If an RTO is triggered, then the suspension is likely to be for several weeks. We are hoping to avoid that. Q. Is CPS the transaction that you are most excited about? A. No, the one that I am most excited about is a much bigger transaction. Q. Talking about CPS, some people have been concerned about the fact that a board member of CPS used to sit on the boards of several companies with Craig Whyte. You pointed out previously that you have only ever met Mr Whyte for 15 minutes in total, doesn’t this apparent further connection add ammunition to those who say Mr Whyte is still somehow involved? A. When I came into Worthington as CEO, one of the biggest issues the Company faced was the toxic association of Mr Whyte’s name. I could have chosen to walk straight back out of the door; but this would have meant that, simply because the Company once had a shareholder who is now vilified, Worthington should have just lay down and died. That wouldn’t have been fair to Worthington shareholders, or other stakeholders. I decided instead that this was an issue which simply just had to be dealt with and, in time, the results that we are achieving would speak for themselves. Not wishing to be immodest by the way, but I believe that what we are achieving at Worthington could, in due course, rate as one of the most impressive turnarounds in smaller UK public company history – particularly, in fact, because of the way that we have had to overcome the former Craig Whyte association. Q. So you were pleased to hear Liberty Capital no longer have any interest in the Company? A. Yes, the liquidator of Liberty has now made that very clear – which is good news for shareholders, not least because it has removed a substantial overhang of shares, which can only be good for the share price. Q. So why entertain the CPS transaction? A. Firstly, because any deal that we completed with CPS would only be done if it generated exceptional returns for Worthington. And secondly, because Mr Whyte has precisely zero involvement with CPS. Q. So how come the apparent connection? A. As you will recall prior to my involvement with Worthington, the Jerome pension fund and an investment arm of Merchant House Group Plc (“MHG”) had both separately agreed in principle to lend money to Rangers. Neither loan completed but both parties found themselves in the same boat as regards Rangers. Keep in mind also that, prior to the Rangers fall out, Craig Whyte had been extremely well-regarded in the Scottish media; so I don’t suppose, at the time, anyone at MHG minded sharing a board with him. The CPS transaction was originally introduced to MHG and, following the failure of MHG, CPS needed to look for funds elsewhere. It is in that context that the opportunity came to us and we have merely been looking at it entirely on its merits, divorced from any irrational fear that the Craig Whyte ghost is under the CPS bed. Q. Thank you Doug, anything else you would like to say to shareholders? A. Just to say “thank you” for all the tremendous support we have been receiving, it really does inspire us all to work even harder for our shareholders – and we are confident that that support will be handsomely rewarded. I can tell you that everyone in the Worthington team lives and breathes the business that we are creating and it is very enjoyable to be part of such an ambitious project. Oh dear....
philobeddoe: Even at the current share price, WHET shareholders are probably far better off than any investor of a liquidated company has ever been in the history of the stock market! I mean can anyone post an example where shareholders of a liquidated company have been gifted an exact mirror interest in a new company with shares they can currently sell at 15,20p or so? Most shareholders of liquidated companies are lucky to get more than a penny back per share. Agree it seems like a slow start but at least there's the prospect of more deals coming through at some point and hopefully a rising share price as nav increases. Hopefully too we'll get a decent listing on a decent exchange at some point soon - that's what's holding us back imo i think more will invest once on a decent exchange. The point is, with most liquidations hope is gone and shareholders usually end up with nothing. Here at least we have hope and a company that will no doubt continue to acquire new acquisitions and get bigger over time. It's obvious our situation is far better than would normally be expected from a liquidated stock - anything over 1p a share is a far better outcome than would usually be expected and we're way over that and have been for some time! And once more deals are announced hopefully we'll see another rise soon followed by a proper listing on a decent exchange. It's a slow start - but it's still a start. Role on the next deal and news hopefully soon of a move to a decent exchange! 😊
sweet karolina: CJ Free cashflow generation is the key and as we do not know how big this company is going to be why not keep it really simple and just say implied price of acquisition is less than 20 times free cash generation in the last audited accounts - you seem confident there will be audited accounts. If the premium to NAV is greater than 100% ie 2 times, I agree that would be highly suspicious and a miracle if the whole thing is genuine, however you believe St Aidan who said no discount to prevailing share price, so that needs to be factored in too. Prevailing share price is defined as the last match on Bridaq before the announcement (because there won't be any insider dealing / manipulation will there?) So how about no more than 20% discount to prevailing share price?
knigel: BTW Phil (who suddenly is posting here 24/7 after months of saying f all) can you PROVE IT IS ACCUARATE? Nope... that's the point and the main reason so many continue to post here .... it was an outrageous RNS simply because it was designed to promote and increase the share price .. name any other company that states they have x deals in the works which will result in x NAV.. they don't .. they have the sense to say something like "enhance shareholder value".. or .. "a NAV far higher than the current share price".. I cannot think of any other company that actually went out of their way to put a NAV figure on their future deals ... a Nomad probably would not have allow it .. Why do you support this company so much? What has it actually done for you except keep you locked in for four years and now have a company on Britdaq a faction of the WRN share price.. if you can prove the £ 5 NAV is accurate AND WILL HAPPEN - fine - i will offer an apology but it is a) historic b) probably out of date and c) relates to a suspended in liquidation company so 90% unlikely to ever happen!
philobeddoe: For us Worthington / Whetstone shareholders, the only way is up. The share price opened low as expected and now the only way is up as more and more deals are completed. Mcap is trading at a premium to NAV because investor sentiment is good and few WRN holders have sold thus far - investors want in and are determined to hold on to their shares. Investors anticipate big things for the company going forward and feel enthusiastic and excited about its prospects. Now contrast that with shares such as mos which have plunged over MINUS SIXTY FIVE PERCENT since July 2017 - ouch. Investor sentiment appears to be poor generally (read the bulletin boards) the latest RNSs don't appear to have been received well by investors. Mcap is trading at a discount to NAV - which on the surface makes it look like an "attractive" stock, but investors are not exactly rushing to buy in - ie, Mcap at a discount to NAV doesn't always make the stock attractive to investors, infact often there's a reason WHY it's trading at a discount - often it may signal an unloved or unpopular stock, a stock investors don't feel particularly excited about and may be avoiding buying for some reason. Mcap trading at a premium to NAV may signify the exact opposite - that the stock is popular with investors and that investors feel particularly excited about the company's future and are anticipating big things and a much higher share price down the road.
abadan1: A quoted company announces a fund raising is adding 80% to its issued share capital at a 60% discount to the market price tells you all you need to know about management’s view of the right price for its shares. What then happens to the share price? Well, I think we all know the answer to that question. So how does Rapid Nutrition avoid a collapse in its share price? Clearly not being quoted on a proper market helps, as the rules about disclosing information appear to be less onerous. Rapid Nutrition started issuing convertible loan notes in August/September 2017. The first tranche of £200,000 appears not to have been announced but is referred to in 2016/17 report and accounts as a post balance sheet event, though no details of the conversion terms are included. The £150,000 convertible loan from Angelfish in September also appears not to have been announced by Rapid Nutrition - but was by the investor, with the full terms. On 7 May Rapid Nutrition did announce that it had raised £1.056m in convertible loan notes that, on conversion, would take its issued share capital up by 35% to 31.388m shares based on the average conversion price of 13p. However, the company appears to have neglected to provide details of the options given to Whetstone Capital to subscribe at varying prices for another 10m shares. On exercise of these options, Rapid Nutrition will have issued an additional 18.123m shares (a 78% increase in its share capital) at an average price of 12p per share. It would appear inevitable that any fund raising in London accompanying its proposed London listing would have to be done at 10-12p. Why would any broker be prepared to raise money at a higher price when shares have just been issued at as low as 7p (on conversion) and there are significant options have just been issued to invest at 7p and 10p?
davidkip: CJ - but to fund it they'll flip stock as they climb the warrant ladder. Initial £291k at 7p for 4m £416k at 10p for 4m £625k at 15p for 4m So you plonk the first £291k in, hope the share price rises to say 15p, then you can sell a load to exercise the next set of warrants, and then as it rises again you sell more so you can exercise the lot. You don't end up with 12m shares unless you invest £1.3m (which WHET has) but in a rising share price you can certainly keep ~ 4m shares as a free carry if done right. (I speak here as a veteran AIM warrant flipper btw!) Downside of this strategy is if the share price doesn't rise you're a bit stuffed. Hopefully the discount will give some leeway for that. What's the RAP liquidity like, in order to be able to absorb that amount of stock?
knigel: Bill - it depends on what their Worthington share price average is as to whether they could had recovered their losses - ok IF you had the benefit of knowing the share price was going higher - you definitely could have reduced your book cost average. Remember HOW did the share price rise? WHY has the share price fallen back? We cannot predict how a share price will perform in future but agree Roy probably should not give out "advice" .. but it is his opinion... Williams - not sure why you should care about any legal action - it's not your problem and I doubt small WRN shareholders will benefit! WHY should these posters be subject to legal action? All they have done is DISCUSS a SUSPENDED share? JUST LIKE YOU! Are you subject to legal action as well? (for ramping)
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